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NEW YORK (360Dx) – Diagnostics firm Novacyt today announced it has raised €9.7 million ($11.4 million).

The company raised €4.7 million through a conditional placement of almost 7.1 million shares, and €5.0 million through an unconditional direct subscription of nearly 7.7 million shares. Both had an issue price of 59.38 pence per share.

New UK institutional investors and new and current French institutional investors participated in the raise, Novacyt said.

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